EURUSD - WAIT FOR CONFIRMATION | RSI DIVERGENCE / MOVING AVERAGE
EUR/USD Severely over extended and awaiting a substantial correction
There is substantial risk in entering at the current price. Opening a position at these levels may result in liquidation.
Waiting for confirmation via:
Daily RSI @ Extreme RSI Levels ~ 80
VERDICT: EUR/USD due a correction soon with confirmation via the above. Executing a short position now is very risky and may result in liquidation.
There is substantial risk in entering at the current price. Opening a position at these levels may result in liquidation.
Waiting for confirmation via:
- RSI Divergence
- Moving Average Break
- Wick Rejection
VERDICT: EUR/USD due a correction soon with confirmation via the above. Executing a short position now is very risky and may result in liquidation.
Comment:
Still Waiting For Divergence From A New High
Trade active:
• RSI Divergence observed. Short position opened.
• This will be a swing trade meaning I will hold this open for 1-4 weeks until momentum switches
• Stop will be trailed as price action progresses.
• This will be a swing trade meaning I will hold this open for 1-4 weeks until momentum switches
• Stop will be trailed as price action progresses.